More news yet!
This is one solid company doing everything right! Have a look at this news release. By splitting off the diamond property it will allow financing of the individual properties without any cross over concerns of the REE's.
Great Western to hold AGM at 10 a.m. June 19
Great Western Gold Corp GWG
Shares issued 19,950,975 May 17 close $0.35
Tue 21 May 2002 News Release
Mr. Neil Yingling reports
ANNUAL GENERAL MEETING CIRCULAR ISSUED
The annual general meeting (AGM) circular is in the process of being
distributed and mailed to shareholders. The AGM will be held at 10 a.m.
Wednesday, June 19, 2002, at 602 -- 570 Granville St., Vancouver, B.C., at
the offices of Bragagnolo & Ovsenek, Solicitors.
Shareholders of record will be asked to approve the following:
1. re-election of four directors: Gary L. Billingsley, Harvey M.J. Lawson,
Leonard Willetts and Neil Yingling;
2. change of company name to: Great Western Minerals Group Ltd.;
3. appointment of new auditors: Hergott, Duval, Stack & Partners, in
Saskatoon; and
4. approval for the company to establish a new publicly traded subsidiary
at a convenient time in the near future, should management consider it
prudent to do so. The new entity would be named: Great Western Diamond
Corp. In this regard, it is anticipated that shareholders of an
as-yet-unspecified date of record would receive one common share in the new
subsidiary company for every four shares held in the parent company. It is
planned that the subsidiary will undertake an initial public offering as
necessary to further its interests in diamond exploration and mining
projects, properties or other diamond-related ventures.
For informational purposes, the company is pleased to announce that it
expects to initiate action in the near future, to file its 20F with the
United Stated Securities Exchange Commission for trading on the OTC
Bulletin Board. This process normally takes four to six months to complete.
Potential market makers in the United States are currently being
interviewed by management. The company would continue to maintain its
listing on the TSX Venture Exchange.
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com |
